A new forecast by Fact.MR, a market research and competitive intelligence provider, estimates that the global powder coatings market will reach a valuation of US$ 15 Bn by 2031, rising at a 10-year compound annual growth rate (CAGR) exceeding 6%.
The powder coatings market has witnessed strong growth owing to superior properties such as high resistance to abrasion, chipping, and corrosion, coupled with efficiency in cost, processing time, and durability.
Key Takeaways from Market Study
- The global powder coatings market is expected to reach a valuation of US$ 15 Bn by 2031.
- Epoxy-based coatings hold more than 30% total market share when categorized based on resins.
- Europe leads the global market with a majority market share of more than 30%. Increasing automotive production is cited as the most visible factor for regional growth.
- Consumer goods account for maximum demand for powder coatings, with a market share of over 23%.
- Increasing application in furniture will expand the segment at a robust CAGR of more than 8%.
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Key Segments Covered in Powder Coatings Industry Research
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By Resin
- Epoxy Powder Coatings
- Polyester Powder Coatings
- Epoxy-Polyester (Hybrid) Powder Coatings
- Acrylic Powder Coatings
- Polyurethane Powder Coatings
- Epoxy Polyester Powder Coatings
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By Application
- Powder Coatings for Consumer Goods
- Architectural Powder Coatings
- Automotive Powder Coatings
- Powder Coatings for General Industries
- Furniture Powder Coatings
The Market insights of Powder Coatings will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Powder Coatings Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Powder Coatings market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Powder Coatings market .
The latest industry analysis and survey on Powder Coatings provides sales outlook in 20+ countries, across key categories. Insights and outlook on Powder Coatings market drivers, trends, and influencing factors are also included in the study.